4, The Mews, Tettenhall Wood, Wolverhampton, WV6

Full Property Description:

Location

The Mews lies at the corner of School Road and Tanfield Close in the centre of Tettenhall Wood which is a highly regarded suburb of the city.

Tettenhall Wood itself provides a full complement of local facilities and amenities which are within strolling distance with further local amenities being available in Tettenhall Village and the Compton Shopping Centre. Perton is within easy driving distance as is the City Centre itself and the area is particularly well served by schooling.

Description

The properties available at The Mews form part of a recently completed, modern development with a range of two and four bedroom homes being available.

The properties benefit from a superb level of appointment throughout with double glazed windows, gas fired central heating, well appointed kitchens and bathrooms rear gardens together with allocated parking.

Terms

The properties will be sold on a Shared Ownership basis to qualifying buyers subject to the conditions imposed. The shares will start from 25% to 75% on the first tranche depending upon your income. The shares sold are based on qualifying criteria with relation to income and individual circumstances, with the aim of maximising the share but ensuring that the property is sustainable in the long term.

All applicants will be assessed by whg and in order to qualify for a shared ownership property the buyers must meet the following criteria:

-Be approved for Shared Ownership property by Orbit Help to Buy www.orbithelptobuy.co.uk
- A household income of less than £80,000 per year
-They do not already own a property at the time of completion
-They must not be able to afford to buy a property outright on the open market

The purchasers will need to speak to a financial advisor at Metro Finance to confirm affordability and deposit required by the lender if they need a mortgage, and the advisor must be told that the property is New Build Shared Ownership and this may require a deposit of anything from 5% up to 20% of the share price, depending on the lender and their financial situation.

The property will be sold from a 25% to a 75% share depending on affordability and the remaining share will be charged as rent at 2.75%

Service charge

There is a service charge payable which currently amounts to approximately £32.53 Per calendar month. Prospective purchasers are recommended to verify these details with their solicitor.

We are informed by the Vendors that all main services will be installed.
COUNCIL TAX BAND tbc - Wolverhampton.
POSSESSION Vacant possession will be given on completion.
VIEWING Please contact the Tettenhall office.

IMPORTANT NOTICE: Every care has been taken with the preparation of these Particulars but they are for general guidance only and complete accuracy cannot be guaranteed. Areas, measurements and distances are approximate and the text, photographs and plans are for guidance only. If there is any point which is of particular importance please contact us to discuss the matter and seek professional verification prior to exchange of contracts.

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